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Article #175

Re: HIGHLAND PARK HOME FOR SALE BY OWNER

#175
From: Not a chance spanky
Date: Sat, 09 Aug 2003 21:31
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Doctor Tofu wrote:

> Wow, the voice of reason finally speaks.  I was beginning to wonder if
> I was the only one that thought that real estate prices were
> completely unreasonable.  

The real estate prices in this area are absurd.  Near as we can tell 
they seem to be driven by some parrell-universe economics where in the 
ability of people to buy these things has no impact on price.

58,000 working people leave the area in a 5 year period, prices go up!
Family and household incomes in the region decline, prices go up!
Property taxes go up, price go up!
The average age of residents in the are goes up and the number of people 
in the market for a house declines, prices go up!

The only response from people about the screwy economics in play here is 
that some people believe it still cheaper to buy here than elsewhere...

As if that has anything to do with whether the people living and working 
here can afford to buy the stuff.

Paul Galvanek - Ver. 4.0
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From: "Not a chance spanky"@Yahoo.com
Newsgroups: pgh.general,pa.forsale,pgh.forsale,cmu.cs.market,cmu.misc.market
Subject: Re: HIGHLAND PARK HOME FOR SALE BY OWNER
Date: Sat, 09 Aug 2003 17:31:36 -0400
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